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S&P Credit Research1397 word report
published May 13, 2009
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S&P Credit Research
| Abstract: | NEW YORK (Standard&Poor's) May 13, 2009--Despite the cautious optimism creeping into the financial markets, in light of what some believe are better-than-expected results from the government stress testing of 19 large banks, Standard&Poor's Ratings Services believes that banks are far from a recovery, and the banking crisis has merely entered a new phase. Still, it's difficult to predict just how long this phase will last. But as Tanya Azarchs, a managing director at Standard&Poor's said at the recent Standard&Poor's Financial Institutions Hot Topics Seminar, although our analytical time horizon for losses extends only through 2010, "there's nothing to say that this banking crisis can't go on for another three or four years."
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| Brief Excerpt: | RESEARCH Ratings Definitions A Full Recovery For U.S. Banks May Not Be Exactly Around The Corner, Although Some Hopeful Signs Exist Publication date: 13-May-2009 Primary Credit Analyst: Rodrigo Quintanilla, New York (1) 212-438-3090;...
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| Report Type: | News
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| Sector: | Global Issuers, Public Finance, Structured Finance
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| Free Sample: |
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S&P Credit Research provides analysis on issuers and debt obligations of corporations, states and municipalities, financial institutions, insurance companies and sovereign governments. S&P also offers insight into the credit risk of structured finance deals, providing an independent view of credit risk associated with a growing array of debt-securitized instruments.
